XLG is trading at $63.80 (-1.51%) as September inflation came in hotter than forecast, lifting Treasury yields and rate-hike concerns.

  • September CPI was 3.7% year over year, above the 3.6% forecast.
  • Higher yields pressured technology and growth shares; semiconductors also faced notable weakness, adding sector-specific drag.
  • The broader selloff also contributed, with the Nasdaq down more than the S&P 500. The inflation shock was the clearest catalyst.